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Fortinet
FTNT

228 hedge funds and large institutions have $2.21B invested in Fortinet in 2013 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 97 increasing their positions, 60 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

190% more call options, than puts

Call options by funds: $88M | Put options by funds: $30.4M

62% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 60

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

7% less first-time investments, than exits

New positions opened: 57 | Existing positions closed: 61

3% less funds holding

Funds holding: 235 → 228 (-7)

6% less capital invested

Capital invested by funds: $2.36B → $2.21B (-$150M)

Holders
228
Holders Change
-7
Holders Change %
-2.98%
% of All Funds
6.62%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
57
Increased
97
Reduced
60
Closed
61
Calls
$88M
Puts
$30.4M
Net Calls
+$57.6M
Net Calls Change
+$34.9M

Top Buyers

Rank Fund Capital Flow
1
MC
Maverick Capital
Texas
+$55.8M
2
HCMT
Highland Capital Management (Texas)
Texas
+$42.3M
3
MNA
Manning & Napier Advisors
New York
+$33.4M
4
EC
Eminence Capital
New York
+$28.7M
5
ClearBridge Investments
ClearBridge Investments
New York
+$26.3M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$91.4M
2
SIM
SRS Investment Management
New York
-$57.6M
3
Artisan Partners
Artisan Partners
Wisconsin
-$46.1M
4
Ameriprise
Ameriprise
Minnesota
-$23.8M
5
GA
Glenhill Advisors
New York
-$21.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
76
Verition Fund Management
Connecticut
$3.67M +$3.74M +960,405 New
Two Sigma Advisers
77
Two Sigma Advisers
New York
$3.67M +$3.74M +958,640 New
DADC
78
D.A. Davidson & Co
Montana
$3.64M +$144K +36,845 +4%
Deutsche Bank
79
Deutsche Bank
Germany
$3.37M +$1.41M +362,200 +70%
Dimensional Fund Advisors
80
Dimensional Fund Advisors
Texas
$3.31M +$707K +181,520 +27%
HCM
81
Highbridge Capital Management
New York
$3.19M +$1.68M +431,565 +107%
NC
82
Nicholas Company
Wisconsin
$2.96M +$3.02M +775,000 New
RJA
83
Raymond James & Associates
Florida
$2.85M +$2.42M +621,000 +498%
BG
84
BlackRock Group
United Kingdom
$2.83M -$1.61M -413,140 -36%
FWC
85
First Washington Corp
Washington
$2.74M +$1.26M +323,575 +82%
ACM
86
Argent Capital Management
Missouri
$2.64M +$315K +80,875 +13%
VOYA Investment Management
87
VOYA Investment Management
Georgia
$2.63M -$64.5K -16,550 -2%
BCM
88
Bluefin Capital Management
New York
$2.62M +$2.66M +683,780 New
GE
89
General Electric
Ohio
$2.56M +$218K +55,980 +9%
IIS
90
Ignis Investment Services
United Kingdom
$2.55M +$260K +66,695 New
TBA
91
Train Babcock Advisors
New York
$2.39M +$1.52M +389,825 +166%
MHP
92
Manatuck Hill Partners
Connecticut
$2.35M -$3.63M -932,000 -60%
Swiss National Bank
93
Swiss National Bank
Switzerland
$2.35M +$146K +37,500 +7%
NEI
94
Northwest & Ethical Investments
Ontario, Canada
$2.34M +$1.05M +268,600 +78%
RIM
95
RS Investment Management
California
$2.26M +$466K +119,500 +25%
RhumbLine Advisers
96
RhumbLine Advisers
Massachusetts
$2.17M -$236K -60,565 -10%
GC
97
Guggenheim Capital
Illinois
$2.16M +$675K +173,125 +44%
ACM
98
American Capital Management
New York
$1.88M +$1.91M +491,000 New
NCCM
99
Nine Chapters Capital Management
New Jersey
$1.86M +$1.89M +486,000 New
P
100
Pitcairn
Pennsylvania
$1.86M +$1.08M +278,110 +134%
2 3
4
5 6

FTNT Hedge Fund Activity: Q4 2013 in Review

228 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2013, worth a combined $2.21B — down 6.4% from $2.36B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of FTNT and 57 opened new positions — a net loss of 4 holders — while 60 trimmed existing stakes and 97 added.

The largest buyer was Maverick Capital, adding an estimated $55.8M. The largest seller was Wells Fargo, cutting an estimated $91.4M.

  • 228 institutional investors held Fortinet (FTNT) as of Q4 2013, down from 235 in Q3 2013.
  • Funds reported $2.21B of Fortinet stock for Q4 2013, down 6.4% quarter-over-quarter.
  • 57 funds opened new Fortinet positions in Q4 2013 and 61 closed out, a net change of -4 holders.
  • The largest Fortinet buyer in Q4 2013 was Maverick Capital, an estimated $55.8M added.
  • The largest Fortinet seller in Q4 2013 was Wells Fargo, an estimated $91.4M sold.

Based on aggregated 13F filings for Q4 2013.